Last $0.56 USD
Change Today +0.063 / 12.57%
Volume 300.0
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

white mountain titanium corp (WMTM) Snapshot

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52 Week High
04/30/13 - $0.75
52 Week Low
11/25/13 - $0.26
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Average Volume 10 Days
Shares Outstanding
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white mountain titanium corp (WMTM) Details

White Mountain Titanium Corporation explores for and develops titanium deposits or reserves in Chile. Its principal project includes the Cerro Blanco property, a rutile (titanium dioxide) property that consists of 41 registered mining exploitation concessions and 34 mining exploration concessions, which cover an area of approximately 17,041 hectares, located to the west of the City of Vallenar in the Atacama, or Region III of northern Chile. The company is headquartered in Santiago, Chile.

10 Employees
Last Reported Date: 03/14/14

white mountain titanium corp (WMTM) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $240.0K
Chief Financial Officer
Total Annual Compensation: $88.1K
Executive Vice President
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2013.

white mountain titanium corp (WMTM) Key Developments

White Mountain Titanium Corp. Auditor Raises 'Going Concern' Doubt

White Mountain Titanium Corp. filed its 10-K on Mar 14, 2014 for the period ending Dec 31, 2013. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

White Mountain Titanium Corporation Announces Appointment of New Directors

White Mountain Titanium Corporation announced that as previously reported, on December 4, 2013, White Mountain Titanium Corporation entered into a Binding Memorandum of Understanding (the 'MOU') dated December 3, 2013, with Grand Agriculture Investment Limited, a shareholder of the company. The MOU provided that the Board of Directors would be expanded to seven persons and that three Investor group designees would be appointed as directors of the company following the closing of the First Tranche Units, which occurred on December 13, 2013. Pursuant to the terms of the MOU, on December 30, 2013, Brian Flower resigned as a director of the company, the number of directors was increased from five to seven persons, and Kin Wong, Yee Y (Sue) Pei, and Weigang Greg Ye, each of whom was designated by Mr. Wong, were appointed as directors to fill the vacancies created by the resignation and the increase in the number of directors. In addition, Mr. May resigned as Chairman of the Board and Mr. Wong was appointed to fill the position. With his resignation as a director, Mr. Flower was removed from the audit committee. However, he will retain his position as Executive Vice-President of the company and will remain a director of the company's subsidiaries. With the foregoing changes, the Board of Directors is now composed of three citizens of the United States, two citizens of England, and two citizens of the People's Republic of China. Kin Wong founded and since 2009 has been the Chairman and CEO of both Zhejiang Jingyue Oriental Hotel Management Co. and Zhejiang Shili QianXi Tourism Development Co. From June 2010 through June 2013, Yee Y (Sue) Pei served as Executive Director of Beijing WHSD, which was engaged in the mobile internet business including the company's strategic plan, budgeting, financial control, etc. Weigang Greg Ye has served on the Board of Directors for Dago New Energy from 2009 until 2011 and for Sunking Group since 2008.

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